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Targa Resources Corp (TRGP.N)

TRGP.N on New York Stock Exchange

53.92USD
17 Aug 2018
Change (% chg)

$1.00 (+1.89%)
Prev Close
$52.92
Open
$53.10
Day's High
$54.08
Day's Low
$52.98
Volume
162,743
Avg. Vol
478,460
52-wk High
$54.77
52-wk Low
$39.60

Latest Key Developments (Source: Significant Developments)

Targa Resources Corp Reports Q2 Total Revenues $2.44 Bln
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Targa Resources Corp ::TARGA RESOURCES CORP. REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.TARGA RESOURCES CORP - QTRLY TOTAL REVENUES $2,444.4 MILLION VERSUS $1,867.7 MILLION.TARGA RESOURCES CORP - Q2 2018 NET INCOME ATTRIBUTABLE TO CO WAS $109.1 MILLION COMPARED TO $57.6 MILLION FOR Q2 OF 2017.  Full Article

Targa Resources Partners LP Prices Upsized $1 Bln Offering Of Senior Notes
Thursday, 5 Apr 2018 

April 5 (Reuters) - Targa Resources Corp ::TARGA RESOURCES PARTNERS LP PRICES UPSIZED $1.0 BILLION OFFERING OF SENIOR NOTES.TARGA RESOURCES PARTNERS LP SAYS ANNOUNCED PRICING OF $1.0 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2026.‍NOTES WILL ACCRUE INTEREST AT A RATE OF 5.875% PER ANNUM, WILL MATURE ON APRIL 15, 2026, AND WERE PRICED AT PAR​.‍AMOUNT OF OFFERING WAS INCREASED FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $750.0 MILLION​.  Full Article

Targa Resources Corp reports third quarter financial results
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Targa Resources Corp :Targa Resources Corp reports third quarter 2017 financial results.‍2017 net growth capital expenditures for announced projects will be approximately $1,320.0 million.‍continues to expect 2017 net maintenance capital expenditures will be approximately $110.0 million​.Targa Resources Corp - qtrly total revenue $2,131.8 million versus $1652.3 million ‍​.Q3 earnings per share view $-0.11, revenue view $1.94 billion -- Thomson Reuters I/B/E/S.  Full Article

Targa Resources Partners prices $750 mln offering of senior notes
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Targa Resources Corp :Targa Resources Partners LP prices $750 million offering of senior notes.Targa Resources Corp - ‍notes accrue interest at a rate of 5% per annum, mature on January 15, 2028 and were priced at par​.Targa Resources - Co's unit, Targa Resources Partners Finance Corp priced $750 million of senior unsecured notes due 2028​.  Full Article

Targa Resources announces $750 mln offering of senior notes
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Targa Resources Corp :Targa Resources Partners LP announces $750 million offering of senior notes.Targa Resources Corp - unit ‍intends to use net proceeds from offering to redeem its 5% senior notes due 2018​.Targa Resources Corp - ‍intends to use net proceeds also to reduce borrowings under its credit facilities​.Targa Resources Corp- ‍ subsidiary announces offering of $750 million in aggregate principal amount of senior unsecured notes due 2028​.  Full Article

Targa Resources says public offering of 17 mln common shares priced at $46.10/share
Friday, 26 May 2017 

May 25 (Reuters) - Targa Resources Corp :Says public offering of 17.0 million common shares priced at $46.10 per share.  Full Article

Targa Resources Q4 revenue $2.01 billion
Wednesday, 15 Feb 2017 

Targa Resources Corp : Targa Resources Corp. Reports fourth quarter and full year 2016 financial results and provides 2017 operational and financial guidance . Targa Resources Corp -estimates that 2017 field gathering and processing natural gas inlet volumes will average at least 10% higher than 2016 . Targa Resources Corp says in Permian Basin, co see average g&p natural gas inlet volumes will increase by approximately 20% in 2017 compared to 2016 . Targa Resources Corp says expects that 2017 net growth capital expenditures will be at least $700 million . Targa Resources Corp - estimates 2017 average natural gas inlet volumes will be higher than average 2016 volumes . Targa Resources Corp - Targa also expects for 2017 higher average crude volumes in badlands year over year . Qtrly total revenues $2.01 billion versus $1.65 billion .Q4 revenue view $1.94 billion -- Thomson Reuters I/B/E/S.  Full Article

UPDATE 3-Texas natgas prices drop as production and pipeline constraints grow

(Adds new graphic) By Andres Guerra Luz and Scott DiSavino Aug 9 The natural gas price in the Permian Basin in west Texas has slumped so low this year that the annual average is on track for its lowest in 19 years, pummeled by record production and pipeline constraints that also have stymied crude transport out of the region. Gas production, a byproduct of drilling in the nation's largest oilfield, has hit record highs this year, filling available space on existing pipel